Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

12 Months Ended

Dec. 31, 2015

Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]

Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

SCHEDULE V

LOEWS CORPORATION AND SUBSIDIARIES

Supplemental Information Concerning Property and Casualty Insurance Operations

Consolidated Property and Casualty Operations
December 31		2015		2014
(In millions)
Deferred acquisition costs	$	598	$	600
Reserves for unpaid claim and claim adjustment expenses		22,663		23,271
Discount deducted from claim and claim adjustment expense
reserves above (based on interest rates ranging from 3.5% to 8.0%)		1,534		1,578
Unearned premiums		3,671		3,592

Year Ended December 31		2015		2014		2013
(In millions)
Net written premiums	$	6,962	$	7,088	$	7,348
Net earned premiums		6,921		7,212		7,271
Net investment income		1,807		2,031		2,240
Incurred claim and claim adjustment expenses related to current year		4,934		5,043		5,113
Incurred claim and claim adjustment expenses related to prior years		(255)		(39)		(115)
Amortization of deferred acquisition costs		1,540		1,317		1,362
Paid claim and claim adjustment expenses		4,945		5,297		5,566